Gold Trade Setup Analysis
Gold has reached a significant resistance zone near $2,702, as shown in the chart. This level has previously acted as a strong barrier, and we can expect a potential short-term pullback from here.
If the price follows this bearish move, it may target the support zone around $2,659–$2,640 before finding renewed bullish momentum.
Once the pullback is completed, gold is likely to aim for the broader upside target of $2,800, aligning with the overall bullish trend.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.